Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Churchill Downs, Inc. shares valued at $137,140 were purchased by FEALY ROBERT L on Sep 23 ’24. At $137.14 per share, FEALY ROBERT L acquired 1,000 shares.
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Also, FEALY ROBERT L purchased 4,879 shares, netting a total of over 683,060 in proceeds.
Before that, FEALY ROBERT L had added 5,121 shares to its account. In a trade valued at $720,280, the Former Director bought Churchill Downs, Inc. shares for $140.65 each.
As published in a research note from BofA Securities on August 12, 2024, Churchill Downs, Inc. [CHDN] has been rated up from a Neutral to a Buy and the price target has been revised to $155 from $145. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid April. As of March 26, 2024, Mizuho has initiated its “Buy” rating for CHDN. Earlier on January 05, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for CHDN stock which previously was a “an Overweight”.
Analyzing CHDN Stock Performance
During the last five days, there has been a surge of approximately 7.34%. Over the course of the year, Churchill Downs, Inc. shares have jumped approximately 6.71%. Shares of the company reached a 52-week high of $146.64 on 07/16/24 and a 52-week low of $111.10 on 03/11/24. A 50-day SMA is recorded $138.16, while a 200-day SMA reached $131.41. Nevertheless, trading volume fell to 0.58 million shares from 0.63 million shares the previous day.
Support And Resistance Levels for Churchill Downs, Inc. (CHDN)
According to the 24-hour chart, there is a support level at 142.69, which, if violated, would cause prices to drop to 141.41. In the upper region, resistance lies at 145.26. The next price resistance is at 146.55. RSI (Relative Strength Index) is 63.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.90, which suggests the price will increase in the coming days. Percent R is at 8.44%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
